Comment for 1026.38 - Content of Disclosures for Certain Mortgage Transactions (Closing Disclosure)
or equal to, and in some cases whether the amount is greater than or less than, the corresponding “Loan
- 1026 (Regulation Z)
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or equal to, and in some cases whether the amount is greater than or less than, the corresponding “Loan
creditor, the servicer (or an associated nonprofit entity) must have been the entity to which the mortgage loan
#160;1026.39(d)(5), no person becoming a creditor with respect to an existing residential mortgage loan
Section 1026.33 requires special disclosures, including the total annual loan cost rate, for reverse
described in this paragraph (d), in connection with the initial interest rate adjustment pursuant to the loan
(ii) Loan proceeds will not be disbursed until after the cancellation period under § 1026.48(d)
mandate a percentage differential between the interest rate paid on a deposit and the rate charged on a loan
financial information in anticipation of a credit decision relating to a federally related mortgage loan
imminent sale of the consumer's home at foreclosure, where the foreclosure sale will proceed unless loan
fully amortize the outstanding balance by a specified date or time, usually the end of the term of the loan
(A) require a clear and conspicuous disclosure of each payment that will apply over the term of the loan
Before extending a higher-priced mortgage loan subject to the appraisal requirements of § 1026.35
of Agriculture guarantee fee, or any other fee paid to a government entity as part of a governmental loan
Section 1026.37(f)(5) requires creditors to label the loan costs disclosed pursuant § 1026.37(f)
information required by § 1026.41(d)(8) as an “account history,” and to the amount needed to bring the loan
If two or more consumers are joint obligors with primary liability on a mortgage loan subject to §
transaction, whose compensation depends in whole or in part on whether title insurance is sold at the loan
For example, if Federal law requires flood insurance to be obtained in connection with the mortgage loan
The requirement to provide the Loan Estimate and Closing Disclosure under § 1026.19(e) and (f) does
If the creditor has not released Consumer A from the loan obligation, Consumer A also remains a consumer
Repayment terms, however, must reflect the consumer's repayment obligations over the full term of the loan
Thus, for example, a creditor of a loan secured by a new manufactured home and land could comply with
Section 1026.35(e)(2) provides that a loan subject to this section may not have a penalty described by
For example, assume that, under a 15-year step rate mortgage, the loan contract provides for scheduled
noun that identifies the unit-period, because such feature may apply on a regular basis during the loan